Universal Autofoundry Limited reported a net loss of ₹161.40 lakh for the first quarter of FY27, marking a significant turnaround from the net profit of ₹68.38 lakh recorded in Q1FY26. The Board of Directors approved the unaudited standalone financial results on July 27, 2026, following a review by the Audit Committee and statutory auditors Goverdhan Agarwal & Co. Despite a 16.7% year-on-year rise in revenue from operations to ₹5441.72 lakh, the company’s profitability was eroded by a sharp increase in material costs and other expenses.

The Board meeting, held at the company’s registered office in Jaipur, also reviewed related party transactions for the quarter and took on record the internal audit report submitted by M/s Shah Patni & Co., Chartered Accountants. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the trading window for directors and designated persons will open 48 hours after the declaration of these results.

Financial Performance Highlights

Revenue from operations stood at ₹5441.72 lakh in Q1FY27, up from ₹4662.74 lakh in the corresponding period of the previous fiscal year. However, total expenses rose to ₹5639.16 lakh from ₹4689.68 lakh YoY, resulting in an operating loss before tax of ₹166.52 lakh. The company recorded a deferred tax benefit of ₹5.12 lakh, narrowing the final net loss to ₹161.40 lakh. Basic earnings per share (EPS) were negative ₹1.30, compared to positive ₹0.55 in Q1FY26.

What the Numbers Show

The divergence between revenue growth and margin contraction highlights intense cost pressure. While revenue grew by 16.7%, the cost of materials consumed rose by a similar magnitude of 16.8%, indicating that the company was unable to pass on input cost increases to customers or improve operational efficiency in procurement. Furthermore, finance costs surged by 54.7% to ₹127.45 lakh, reflecting higher borrowing costs or increased debt levels. Non-current borrowings increased to ₹4321.54 lakh from ₹3025.18 lakh as of March 31, 2026, suggesting significant capital expenditure or working capital financing needs during the period.

Balance Sheet Position

Total assets expanded to ₹18277.01 lakh as of June 30, 2026, from ₹16356.17 lakh at the end of FY26. This growth was primarily driven by a substantial increase in Capital Work-in-Progress (WIP), which jumped to ₹2173.16 lakh from ₹253.84 lakh, signaling ongoing capacity expansion or infrastructure projects. Total borrowings (current and non-current) aggregated to ₹7833.81 lakh, while equity share capital remained unchanged at ₹1243.45 lakh. The company continues to operate in a single business segment focused on the manufacturing and sale of CI castings.

Universal Autofoundry Limited's board has approved the notice for its 17th Annual General Meeting (AGM), scheduled to be held on July 27, 2026, via video conferencing. The meeting, held on June 30, 2026, also approved the re-appointment of Mr. Vikram Jain as Whole Time Director, subject to shareholder approval. The board approved the Board's Report for the financial year ended March 31, 2026, along with the Management Discussion and Analysis Report and the Report on Corporate Governance.

AGM Schedule and Voting

The board established the cut-off date as July 20, 2026, to determine shareholder eligibility. The e-voting period will commence on July 24, 2026, at 09:00 a.m. IST and conclude on July 26, 2026, at 5:00 p.m. IST. The company's books will remain closed from July 21, 2026, to July 27, 2026, for the purpose of the AGM. NSDL has been appointed as the agency to assist with conducting the e-voting facility, while M/s Arms & Associates LLP will act as the scrutinizer.

Audit Reports and Governance

The board approved the Secretarial Audit Report (Form MR-3) received from M/s Arm & Associates LLP for FY26. Additionally, the Cost Audit Report for FY26, received from M/s Girdhar Choudhary & Co and recommended by the Audit Committee, was approved. The trading window for directors and designated persons will open 48 hours after the declaration of financial results for the quarter ended June 30, 2026.